Supply Chain vs Technology Procurement / Vendor Management.
Essentially, anything that moves through the supply chain or is used to manage that movement can be considered a "product" within the context of supply chain management.
While supply chain management certification provides a solid foundation in procurement principles for direct sourcing, technology procurement certification prepares you for managing procurement and technology risks in indirect sourcing. These two are totally different areas and require entirely different skill sets to be effective.
There are key differences between the two:.
Aspect
Supply Chain Management (Direct)
Technology Vendor Management (Indirect)
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Additional Topics Required for Technology Procurement
- Cloud Computing and SaaS Models: Understanding various deployment models and pricing structures
- Cybersecurity Requirements: Vendor security assessments and data security
- Digital Rights Management: Software licensing and intellectual property
- Understanding Compliance risks such as PCI-DSS, Privacy (GDPR, CCPA, etc.)
- Proficiency in Technology Risks such as Disaster Recovery, Currency, Model and Subcontractor risks
Why Consider VMO Certification
VMO (Vendor Management Office) Certification provides specialized knowledge crucial for technology procurement professionals:
- Specialized Focus: Addresses unique challenges of managing technology vendors and digital services
- Current Industry Practices: Updated knowledge of latest technology procurement trends and methodologies
- Risk Management: Advanced training in technology-specific risk assessment and mitigation
- Compliance Expertise: In-depth understanding of technology regulations and compliance requirements
- Strategic Value: Skills to align vendor management with organizational technology strategy
- Career Growth: Growing demand for certified technology procurement professionals
Key Benefits of VMO Certification
- Higher acceptance and earning potential in technology procurement roles
- Enhanced credibility when dealing with technology vendors
- Better equipped to handle complex technology contracts
- Structured approach to vendor relationship management